So, where do we get the required funding from to fix our broken public services, increase productivity, and encourage economic growth?Nice try.. Labour always want more:
- And a higher 50% tier at £125K (Tories are 45% at 150K)
Not that I support the Tories taxation either.. I think I'm saying we are screwed either way.
The one thing in terms of tiered tax rates I struggle with is my salary (fairly generous) covers the entire household.. there are many people I know that have the same household income as we do, but have a substantially lower tax burden.. I'd really like to see a household/family unit be treated fairly as such..
And I don't get the notion that earning £80k (for example) suddenly means you deserve a higher tax rate.. that's not a mechanism aimed at fat cats, but workers.. (even if well paid).. Labour predicted 6% of the workforce will shortly earn north of £80k.. IMO I have no problems with those 'workers' that contribute more to the growth of a company that employs more people and spends more with supply chain etc should not get the wrath of envy thrown on them.. I'd say you want to be careful of stifling a meritocracy so quickly unless you want the race to bottom and all that brings with it..
Or do we just continue slashing budgets until there's nothing left of the NHS, care system, or anything else that contributes to the UK being a desirable place to live?